Aduragbemi Omiyale
By Aduragbemi Omiyale
Funds worth $50 million have been secured by Transform Health Fund (THF) to create proven and innovative healthcare models in Africa.
It will involve building a resilient healthcare ecosystem that improves access, affordability, resilience, and quality of healthcare for low-income patients.
FSD Africa Investments, AfricInvest, Malaria No More, and Health Finance Coalition (HFC) provided the funds to achieve this goal.
They came together to address the critical healthcare financing gap in Africa, targeting three critical areas serving low-income patients: supply chain transformation, innovative care delivery, and digital innovation.
The investments to be made by THF, a blended-finance fund, will target countries across sub-Saharan Africa, focusing on East, Southern, and Francophone West Africa. These investments will address the acute need for quality and affordable healthcare across the continent.
THF’s investment strategy explicitly targets health services for women as one of its main investment objectives. Some of its investments are constructed with a strong gender lens, targeting women-led businesses and serving increasing numbers of women.
“FSDAi is excited to announce its catalytic capital investment in the innovative THF fund. We are proud that our capital contribution to this tranche of the fund facilitated the participation of other commercial and corporate private sector investors.
“Partnering with AfricInvest, HFC and the additional fund participants to strengthen the African healthcare system, particularly in a time of environmental stress and unpredictable climate events, is a high priority for FSDAi,” the Chief Investment Officer at FSD Africa Investments, Ms Anne Marie Chidzero, said.
Also commenting, the Head of the Private Sector and Capital Markets Department at FCDO, Louise Walker, said, “The UK is excited with FSDAi to be a catalytic investor in the Transform Health Fund.
“This innovative partnership brings together concessional and private finance, which will mobilise more capital, critical to making healthcare more accessible to and more affordable for low-income patients across the continent.”
